The agreement will cover the joint sales and marketing of Dovetail payment solutions with related IBM payments and cognitive analytic solutions, including Financial Transaction Manager (FTM) and CFM for Safer Payments.

"At IBM, we seek to partner with organizations who offer world-class solutions to help our joint clients succeed in the Cognitive era," said Neil Isford, IBM GM, Watson Financial Services Solutions. "Dovetail is a key player in the provision of payments solutions to many of the world's leading transaction banks and joining forces with Dovetail will enable us to offer financial institutions with a comprehensive set of payments and related solutions across both high and low value payments domains and better serve our customers and their broader payments initatives."

Martin Coen, Dovetail CEO said, "We are excited to have formalized this relationship with IBM. It's another significant step for us as we take our best-in-class payment solutions out to a wider market. It will enable us to combine Dovetail solutions with the breadth and depth of IBM propositions in facilitating the digital transformation of financial institutions. Together we will be a powerful combination that will be very attractive for banks looking to accelerate their digital transformation journey in payments."

About Dovetail

Dovetail provides best-in-class payments and liquidity management solutions that enable banks to simplify their infrastructure and deliver effective digital transformation. All solutions, based on a single real-time architecture, are available on premise or in the cloud, scalable up and down, across functional and volume needs and offer unrivalled customer and segment personalization. The choice of solution provides flexibility for a bank in setting the pace of its modernization, addressing point needs or replacing multiple legacy systems.

Leveraging the continuing investment from Dovetail and its world-leading client base, banks can rapidly achieve a measurable return on investment, increase strategic agility and operational excellence, optimize total cost of ownership and ensure regulatory compliance.